Portfolio of Four Hotels Vienna, Austria For Sale – €67m, or Individually
Locations: Central from Danube Canal, Naschmarkt, St Stephen’s Cathedral to Schonbrunn Palace
Names: TBA
Guide Price: From €8.5m to €24m individually
Guide Price per Key: Average €225k
No. of Keys: 290 in total – each from 35 to 150
The Opportunity:
A portfolio of four hotels well located in Vienna…three of which are 4-star and the other 3-star. They are largely in good decorative order, and decent size bedrooms (the 52-room hotel for example: 22 to 45 sqm). All have a bar and restaurant. The hotel at Danube Canal has 20 underground parking spaces, garden terrace and sauna. The hotel at Schonbrunner Strasse is located in the fashion area and presents itself as such. MM
Flag & Management: Free to new owner
Current Owner: Different owners, from chain-owned to privately held
Main Photo: The hotel at Danube Canal is very design-led
Financials: 2019 accounts after submission of an EOI
Tenure: Freehold
Agent: Local agent in partnership with THPT
Date Posted: January 2022
THPT Comment: To pick up a portfolio like this, at a very attractive price, would be great for a global hotel group looking for a serious presence in Vienna, which is becoming very funky in it’s hotel offering
Hotel & Serviced Apartment owners can be naturally reticent in publicising their property is for sale…for confidentiality reasons, for staff and current client reasons, so the properties featured in this section will either be “generic” or “name specific”
Each week we mail the opportunities posted in that period, but check-out the tab “Hotels Available” and call us for details of “Under the Table” – deals not posted on the site at all.
The Hotel Property Team (THPT) is a small group of highly experienced business professionals. Between us, we provide a range of skills and experience which is directly relevant to those involved in the hotel property market. For more information – Visit www.thpt.co.uk or email info@thpt.co.uk
MISREPRESENTATION ACT 1967. This information is provided as a general guide and is not intended to be constructed as a statement of fact upon which interested parties can rely. All interested parties should make their enquiries by inspection or otherwise. Neither The Hotel Property Team (trading name of Impetus Marketing 2006 Ltd) nor any person in our employment has the authority to make, give or imply any representation or warranty whatsoever relating to the premises referred to in these particulars. These details do not constitute any offer, contract or any part thereof and all negotiations relating to the premises should be conducted through THPT.
